Basically, those countries which were unsound with their money have been lumped together with those who have been sound with their money, under the umbrella of The Euro....This is not so great...because it means any shift in the continental economy, and suddenly entire countries are on the verge of financial ruin...and as the Euro is...bascially...shyte, and falling apart...country after country are begining to declaire the need for a Country Sized Bail out.

You guys screamed when your Government bailed out its own bank...imagine, you Country having to pay to bail out...Brazil or something...

This is happening in Europe RIGHT NOW.

So the people that decide are the International Monitary Fund...which is closely tied to The European Union...Interestingly...England is part of the European Union...but NOT part of the Euro...so we have to pay for countries who fail on a currency we dont even use...and we are excluded from discussions because only Curency Users are permitted to do that

But the European Union itself is on the verge of meltdown, as Two Countries in Europe Announced that they plan to send ALL Eastern European Mingrants BACK to where they came from if they are jobless in their countries for more then Three Months This would violate the freedom of movement that people are supposed to have within the Union that makes it far to easy to move from the Shyte Countries, to The Great Countries...and thats for LEGAL Migrants...let alone the Illegal ones (okay...so The Dutch is one of the Offenders...and I think a Baltic Country is another...) They say  the Union

Anyway....Greece was first to take a tumble...followed by The Republic of Eire...and then Portugal. All these are minors compared to some States in Europe...

Italy is supposed to be the THIRD LARGEST European Economy.

We are expecting them to ask for a Bail out later this week

I think England should leave the European Union...then watch as the Union and its damned currency collapse...With any luck the European Parliament, and European Court of Human Rights, and Brussels in its bloody entireity will never surface again.

Fears that Italy will be forced to seek a bailout sent Italian government bonds falling on Monday, as Europe's most senior finance ministers gathered to discuss the ongoing eurozone debt crisis.

The euro dropped sharply, as City traders and analysts warned that Italy could be close to becoming the fourth member of the eurozone to require financial help. The concern was shared in Europe's stock markets, with the FTSE 100 falling 65 points by lunchtime.

The yield, or interest rate, on an Italian 10-year government bond jumped to 5.4%, closer to the 7% level which is generally seen as unsustainable.

"What will really concentrate the mind of the finance ministers will be the recent upward trend in Italian government bond yields," said Gary Jenkins, head of fixed income research at Evolution Securities. "What would keep me awake at night if I was a European finance minister is that we are only about 2% away from a potential disaster scenario."

European Council president Herman Van Rompuy was scheduled to meet ECB president Jean-Claude Trichet, EU commission president José Manuel Barroso, EU commissioner Olli Rehn and Luxembourg's Jean-Claude Juncker, who chairs the group of eurozone finance ministers, at 11am BST to discuss the crisis.

Clouds have been gathering over Italy since Friday, when shares in several Italian banks fell sharply over concerns that they would fail the next round of EU stress tests. Economists have warned that the eurozone lacks the firepower to fund a bailout of Italy. German newspaper Die Welt reported on Monday that the European Central Bank is considering doubling its existing stabilisation mechanism to 1.5trn.

"We are seeing contagion spreading to Italy. The bailout facility as it stands would be nowhere near big enough to deal with Italy," Adam Cole, head of global currency strategy at Royal Bank of Canada Europe, told Bloomberg.

The Italian blue-chip index, the FTSE MIB index, fell by 3.25%, while the Spanish Ibex lost 2.8%. Traders in London said the eurozone crisis was dominating attention again, with the FTSE 100 down 1.25% or 65 points at 5924.

"The risk is that we may well have already seen the best of the stock market strength for the moment," said Yusuf Heusen, senior sales trader at IG Index.

The euro lost almost two cents against the dollar, trading around $1.4035.

The cost of insuring the debts of Europe's weaker members also rose on Monday. The Italian five-year credit default swap rose by 32 basis points to 281bp, which means it would cost 281,000 a year to insure 10m of Italian debt.

According to the Financial Times, EU leaders are now preparing for Greece to default on some of its debts  abandoning hopes that private creditors might roll over their borrowings. Gavan Nolan, director of credit research at Markit, said this had driven up the cost of insuring Greek, Portuguese, Spanish and Irish government bonds.

With Europe going broke and the US, it will be a matter of time before a one world currency is implemented.............

No...this isnt a building up...its a breaking down....The Euro Currency is looking to become a failure...some say that European Union Countries will begin to Re-Implement their OWN currency to save themselves rather then be dragged down by being part of a single currency that is causing their countries to fall like dominos

This is Europe moving FURTHER AWAY from Unity Financially.

BUT with Europes currency crashing, Stirling little used world wide, and the American Dollar being tied to debt...we could see a rise in the Oriental Currencies...and if they were to eclipse either Dollars or Stirling...then...Yes...big single currency issue

No...this isnt a building up...its a breaking down....The Euro Currency is looking to become a failure...some say that European Union Countries will begin to Re-Implement their OWN currency to save themselves rather then be dragged down by being part of a single currency that is causing their countries to fall like dominos

This is Europe moving FURTHER AWAY from Unity Financially.

BUT with Europes currency crashing, Stirling little used world wide, and the American Dollar being tied to debt...we could see a rise in the Oriental Currencies...and if they were to eclipse either Dollars or Stirling...then...Yes...big single currency issue

But the reason the Euro is failing is because of the manipulation of other currencies like the yen, the dollar, etc. If a one world currency is implemented, there can be no more manipulation of other currencies. Plus, like I told RNC, once we're broke and the European states are broke, it will cause a world wide financial meltdown. China's economy alone has been built on the very buying power of America. Once we're broke, who are they going to sell their goods and services to?

But the reason the Euro is failing is because of the manipulation of other currencies like the yen, the dollar, etc. If a one world currency is implemented, there can be no more manipulation of other currencies. Plus, like I told RNC, once we're broke and the European states are broke, it will cause a world wide financial meltdown. China's economy alone has been built on the very buying power of America. Once we're broke, who are they going to sell their goods and services to?

Well...in theory...that is true.

I explained the china thing above...course...what it means is it could be the chinese currency that becomes the single currency if they follow a course of my political strategy, and your financial strategy....

Well...by 2020 we have the Chinese Currency as a single world Currency after Europe and America Crash, and the Chinese Rebuild...and then, We'll all be living under the Communist Rule of The Peoples Republic of China...

I explained the china thing above...course...what it means is it could be the chinese currency that becomes the single currency if they follow a course of my political strategy, and your financial strategy....

Well...by 2020 we have the Chinese Currency as a single world Currency after Europe and America Crash, and the Chinese Rebuild...and then, We'll all be living under the Communist Rule of The Peoples Republic of China...

....thats an unpleasent scenario if ever I heard one

I hope your wrong about that one.......

I also think though, that the world financial problems will be a opportunity for the antichrist to make his arrival on the world scene and have all the answers to the worlds financial woes..........that way people will embrace him.